Back last March, we reported that the domain name JD.com was purchased by China’s” leading direct B2C e-commerce company”, Jingdong , who bought it to to re-brand from 360buy.com
According to the company, Jingdong had 35 million active users and 80 million registered users as of December 2012.
Today our buddy George Kirikos reported that browsing through some SEC filing the domain may have sold for as much as $5 Million dollars
“As of December 31, 2011, they recorded 2,621,000 RMB for domain names, but that rose to 36,032,000 RMB as of December 31, 2012.
If you look at the WHOIS history, Alexander Lerman owned the JD.com domain name on December 31, 2011, but by the end of 2012, it was owned by the Chinese company (the actual WHOIS change took place on 2012-06-12).
Thus, one can infer that the change in the Chinese company’s balance sheet allocated to domain names between the end of 2011 and the end of 2012 was mostly due to the acquisition of the JD.com domain name. The difference between the two years of 33,411,000 RMB, using a rate of 0.15695 to the US dollar via the chart at:
http://www.xe.com/currencycharts/?from=CNY&to=USD&view=5Y for the exact date of June 12, 2012, would equal USD $5,243,856.
“Of course, there might have been other domain name acquisitions to account for the change in the balance sheet, but I’d bet that USD $5 million is a good estimate for the transaction value of the JD.com domain name.”
JD is the name of the degree lawyers get when they graduate law school so among other things JD has meaning separate and apart from the buyer
We know Facebook shelled out $8.5 Million for FB.com and that IG.com sold for $4.7 Million so $5 Million for JD.com would not be hard to believe.